Horizon Space Acquisition I Corp. Announces the Definitive Business Combination Agreement With Squirrel Enlivened International Co., Ltd, a Brand Marketing and Strategy Consulting Company
Horizon Space Acquisition I Corp. Announces the Definitive Business Combination Agreement With Squirrel Enlivened International Co., Ltd, a Brand Marketing and Strategy Consulting Company
NEW YORK, NY / ACCESSWIRE / September 16, 2024 / Squirrel Enlivened International Co., Ltd ("Squirrel Cayman"), a brand marketing and strategy consulting company, and Horizon Space Acquisition I Corp. ("HSPO") (Nasdaq:HSPO), a publicly traded special purpose acquisition company, today announced that they have entered into an Agreement and Plan of Merger (the "Business Combination Agreement").
紐約,紐約/ ACCESSWIRE/2024年9月16日/松鼠樂活國際有限公司(「松鼠開曼」),一家品牌營銷和策略諮詢公司與Horizon Space Acquisition I Corp.(「HSPO」)(納斯達克:HSPO),一家公開交易的特殊目的收購公司,今天宣佈他們已達成協議並計劃進行合併(「業務合併協議」)。
Squirrel Cayman is a holding company of Shenzhen Squirrel Enlivened Media Group Co., Ltd ("Shenzhen Squirrel" or "Squirrel"). Squirrel provides brand marketing and strategy consulting solutions to brands, with a novel methodology combining rational marketing with emotional marketing. Squirrel helps brands expand and grow their businesses by providing a combination of brand marketing solutions, including digital marketing, blockbuster product development, and brand image enhancement, as well as strategy consulting solutions. It harnesses the power of technology, innovation and creation to drive significant business growth for a wide array of blue-chip and start-up companies in China.
松鼠開曼是深圳松鼠樂活傳媒集團有限公司(「深圳松鼠」或「松鼠」)的控股公司。松鼠爲品牌提供品牌營銷和策略諮詢解決方案,通過將理性營銷與情感營銷相結合的新方法論。松鼠通過提供一系列品牌營銷解決方案(包括數字營銷、重磅產品開發和品牌形象提升)和策略諮詢解決方案,幫助品牌擴大和發展業務。它利用技術、創新和創造力的力量,爲中國各類藍籌股和初創公司帶來顯著的業務增長。
Upon the completion of the business combination of Squirrel Cayman and HSPO and related transactions pursuant to the Business Combination Agreement (the "Business Combination"), shares of Squirrel Cayman will be listed on The Nasdaq Stock Market LLC ("Nasdaq").
在完成松鼠開曼和HSPO的業務合併以及根據業務合併協議進行的相關交易(「業務合併」)後,松鼠開曼的股票將在納斯達克證券交易所(「納斯達克」)上市。
Transaction Overview
導致實際結果與前瞻性聲明中的投影結果實質性不同的關鍵因素包括以下方面:對於該公司的信貸、流動性和額外融資的風險;股票市場波動性;電子商務行業的增長和趨勢變化;該公司的業務活動、重點和計劃的變化;包括全球金融狀況保持挑戰以及新冠肺炎疫情對全球經濟影響等一般經濟、商業和政治條件的變化;競爭風險;潛在利益衝突;適用法律和法規在本地和外國法規上的變化;廣泛的政府監管合規性;與外國市場相關的風險和不確定性;以及其他更全面描述了公司的最新MD&A報告中以及公司2024年4月30日的年度信息表格中風險因素列表所述風險因素。這些風險和不確定性可能會導致實際結果與上述前瞻性陳述在實質上發生根本性的不同。
On September 16, 2024, HSPO, Squirrel Enlivened Technology Co., Ltd., a Cayman Islands exempted company ("Squirrel HoldCo"), Squirrel Cayman, and Squirrel Enlivened Overseas Co., Ltd., a Cayman Islands exempted company and a wholly-owned subsidiary of Squirrel Cayman ("Merger Sub"), entered into the Business Combination Agreement, pursuant to which, among other things, (a) Squirrel HoldCo will merge with and into Squirrel Cayman, whereupon the separate existence of Squirrel HoldCo will cease, and Squirrel Cayman will be the surviving company (the "Reorganization") as a result of which all issued and outstanding shares of Squirrel HoldCo immediately prior to the Reorganization shall be cancelled and automatically converted into a right to receive the aggregated amount of 20,000,000 shares of ordinary shares of Squirrel Cayman, and (b) at least one (1) business day after the closing of the Reorganization (the "Reorganization Closing"), Merger Sub will merge with and into HSPO, whereupon the separate existence of Merger Sub will cease, and HSPO will be the surviving company (the "Merger"). As a result of the Reorganization and the Merger, among other things, (a) all of the issued and outstanding securities of Squirrel HoldCo immediately prior to the filing of the plan of merger with respect to the Reorganization (the "Plan of Reorganization") to the Registrar of Companies of the Cayman Islands, or such later time as may be specified in the Plan of Reorganization (the "Reorganization Effective Time") shall no longer be outstanding and shall automatically be cancelled, in exchange for the right of the holders thereof to receive a certain number of securities of Squirrel Cayman as described below, and (b) all of the issued and outstanding securities of HSPO immediately prior to the filing of the plan of merger with respect to the Merger (the "Plan of Merger") to the Registrar of Companies of the Cayman Islands, or such later time as may be specified in the Plan of Merger (the "Merger Effective Time") shall no longer be outstanding and shall automatically be cancelled, in exchange for the right of the holders thereof to receive substantially equivalent securities of Squirrel Cayman.
2024年9月16日,HSPO、深圳松鼠科技有限公司(一家開曼群島豁免公司)(「松鼠HoldCo」)、松鼠開曼和松鼠樂活境外有限公司(一家開曼群島豁免公司且爲松鼠開曼的全資子公司)(「合併子公司」)簽署了業務合併協議,根據該協議,,其中一些內容是(a)松鼠HoldCo將與松鼠開曼合併,其後松鼠HoldCo的獨立存在將終止,松鼠開曼將成爲存續的公司(「重組」),因此重組前松鼠HoldCo的已發行和流通股份將被取消並自動轉換爲權利以獲得松鼠開曼2,000萬股普通股的總額(b)在重組關閉的至少一個(1)營業日之後(「重組結束」),合併子公司將與HSPO公司合併,其後合併子公司的獨立存在將終止,HSPO將成爲存續的公司(「合併」)。作爲重組和合並的結果,其中一些內容是(a)在與重組有關的合併計劃(「重組計劃」)提交給開曼群島公司登記處表的松鼠HoldCo的已發行和流通證券之前的登記日,或者可能在重組計劃中指定的更晚時間(「重組生效時間」)不再流通且將自動取消,以換取該持有人的權利。",以便獲得松鼠開曼的一定數量的證券,如下所述,並且(b)在向開曼群島公司登記處提交與合併有關的合併計劃(「合併計劃」)之前,HSPO公司的已發行和流通證券不再存在且將自動取消,以換取該持有人的權利以獲得松鼠開曼的相對等證券。
No assurances can be made that the Business Combination will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to the approval of certain companies' boards, regulatory and shareholder approvals as well as other customary conditions.
不能保證業務合併將按照目前設想的條件或時間表完成,或根本不會完成。任何交易都將取決於某些公司的董事批准,監管和股東批准以及其他習慣條件。
Additional information about the Business Combination, including a copy of the Business Combination Agreement, will be provided in a Current Report on Form 8-K to be filed by HSPO with the Securities and Exchange Commission (the "SEC") and will be available at www.sec.gov.
有關業務合併的詳細信息,包括業務合併協議的副本,將在HSPO提交給證券交易委員會(「SEC」)的一份當前報告8-K中提供,並可在www.sec.gov上獲得。
Management Commentary
管理層評論
Mr. Angxiong Zhao, the co-founder, Chief Executive Officer and director of Shenzhen Squirrel commented, "We are thrilled to enter into the Business Combination Agreement and excited about the contemplated Nasdaq listing, which will provide Squirrel with a platform to connect with growth capital and investors across the global. The additional capital and financial flexibility from this transaction will empower our solutions and fuel our growth and expansion. We believe that empowered by the support from the public capital markets, we are well positioned to further grow business, expand our client base, upgrade our technology, and enhance our innovation."
深圳松鼠的聯合創始人,首席執行官和董事趙昂雄先生評論說:「我們對於簽訂業務合併協議感到非常興奮,並對擬議的納斯達克上市感到興奮,這將爲松鼠提供與全球的增長資本和投資者接軌的平台。這筆交易帶來的額外資金和財務靈活性將推動我們的解決方案,並推動我們的增長和擴張。我們相信,在公開的資本市場支持下,我們有很好的機會進一步發展業務,擴大客戶群體,升級技術並提升創新能力。」
Mr. Michael ("Mingyu") Li, the CEO, Chairman and director of HSPO commented, "We are excited to announce signing the Business Combination Agreement. Squirrel's in-depth understanding of e-commerce in China, its expertise in China's brand marketing and strategy consulting industry, and its experienced management team present significant growth potential. We are confident that our combination and collaboration will accelerate the success of Squirrel."
HSPO的首席執行官,董事長兼董事李明宇先生評論說:「我們很高興宣佈簽署業務合併協議。松鼠在中國電子商務方面的深入理解,其在中國品牌營銷和戰略諮詢行業的專業知識以及其經驗豐富的管理團隊都具有巨大的增長潛力。我們對於我們的合作和協作將加速松鼠的成功充滿信心。」
Advisors
顧問
Sidley Austin LLP is serving as U.S. legal counsel to Shenzhen Squirrel. Robinson & Cole LLP is serving as U.S. legal counsel to HSPO.
Sidley Austin LLP擔任深圳松鼠的美國法律顧問。Robinson & Cole LLP擔任HSPO的美國法律顧問。
About Squirrel
關於松鼠
Squirrel provides brand marketing and strategy consulting solutions to brands, with a novel methodology combining rational marketing with emotional marketing. Squirrel helps brands expand and grow their businesses by providing a combination of brand marketing solutions, including digital marketing, blockbuster product development, and brand image enhancement, as well as strategy consulting solutions. It harnesses the power of technology, innovation and creation to drive significant business growth for a wide array of blue-chip and start-up companies in China.
Squirrel爲品牌提供品牌營銷和戰略諮詢解決方案,採用將理性營銷與情感營銷相結合的創新方法論。Squirrel通過提供品牌營銷解決方案(包括數字營銷、重磅產品開發和品牌形象增強)以及戰略諮詢解決方案,幫助品牌拓展和增長業務。Squirrel利用科技、創新和創造力來推動中國各類藍籌股和初創公司的顯著業務增長。
About HSPO
關於HSPO
HSPO is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.
HSPO是一家空白支票公司,也常被稱爲特殊目的收購公司(SPAC),成立的目的是進行一項或多項業務合併、股份交換、資產收購、股份購買、資本重組、再組織或類似的業務合併。
Important Information About the Proposed Business Combination and Where to Find It
有關擬議業務組合及其位置的重要信息
In connection with the proposed Business Combination, Squirrel Cayman intends to file with the SEC a registration statement on Form F-4, which will include a preliminary proxy statement containing information about the proposed Business Combination and the respective businesses of Squirrel Cayman and its subsidiaries, including among others Shenzhen Squirrel (collectively as enumerated in accordance with the Business Combination Agreement, the "Squirrel Companies") and HSPO, as well as the prospectus relating to the offer of the Squirrel Cayman securities to be issued to in connection with the completion of the proposed Business Combination. After the registration statement is declared effective, HSPO will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Business Combination.
關於擬議的業務合併,Squirrel Cayman計劃向SEC提交一份F-4表格的註冊聲明,其中包括初步的代理聲明,其中包含關於擬議的業務合併以及Squirrel Cayman及其子公司(包括深圳Squirrel等)和HSPO的有關業務的信息,以及與擬議的業務合併完成相關的Squirrel Cayman證券的發售招股說明書。註冊聲明生效後,HSPO將向其股東(按照投票註冊日期確定)郵寄最終的代理聲明和其他相關文檔。
Investors and security holders are advised to read, when available, the registration statement, proxy statement/prospectus and any other relevant documents filed with the sec carefully and in their entirety if and when they become available because they will contain important information about the business combination and the parties to the business combination. Investors and security holders will be able to obtain copies of these documents (if and when available) and other documents filed with the SEC free of charge at www.sec.gov. Shareholders of HSPO will also be able to obtain copies of the proxy statement/prospectus without charge, once available, at the SEC's website at www.sec.gov.
建議投資者和持有證券的人仔細閱讀(一旦有)註冊聲明、代理聲明/招股說明書以及任何與SEC一起提交的其他相關文件,並閱讀其全部內容,因爲這些文件將包含有關業務合併和業務合併方的重要信息。投資者和持有證券的人將能夠免費在www.sec.gov上獲得這些文件的副本(如果有的話),以及與SEC一起提交的其他文件。HSPO的股東也將能夠在SEC的網站www.sec.gov上免費獲取代理聲明/招股說明書的副本(一旦有的話)。
Participants in the Solicitation
招標人
Squirrel Companies and HSPO and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from HSPO's shareholders with respect to the proposed Business Combination. Information regarding HSPO's directors and executive officers is available in HSPO's filings with the SEC. Additional information regarding the persons who may, under the rules of the SEC, be deemed to be participants in the proxy solicitation relating to the proposed Business Combination and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus when it becomes available.
松鼠公司和HSPO及其各自的董事和高管以及其他人員可能被視爲就擬議中的業務組合徵求HSPO股東的委託代理人。有關HSPO董事和高管的信息可在HSPO向美國證券交易委員會(SEC)提交的文件中獲得。根據SEC規定,可能被視爲與擬議業務組合有關的委託代理人,並且通過安全持股或其他方式,將在委託代理聲明/招股書中包含其直接和間接利益的人員的附加信息將在它發佈時被披露。
No Offer or Solicitation
無要約或徵集
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act").
本新聞稿不構成要約出售或要約購買任何證券,也不構成對任何投票或批准的要約,也不得在任何法域中以違法的方式進行證券的銷售,其之前未在該等法域的證券法註冊或合格。除非通過符合1933年修訂版的《美國證券法》(「證券法」)要求的招股說明書進行,否則不得進行證券的要約。
Forward-Looking Statements
前瞻性聲明
This press release includes forward looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts and may be accompanied by words that convey projected future events or outcomes, such as "believe," "may," "will," "estimate," "continue," "anticipate," "design," "intend," "expect," "could," "plan," "potential," "predict," "seek," "target," "aim," "plan," "project," "forecast," "should," "would," or variations of such words or by expressions of similar meaning. Such forward-looking statements, including statements regarding anticipated financial and operational results, projections of market opportunity and expectations, the estimated post-transaction enterprise value, the advantages and expected growth of Squirrel Companies, the cash position of Squirrel Companies following the closing of the Business Combination, the ability of Squirrel Companies and HSPO to consummate the proposed Business Combination and the timing of such consummation, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the section entitled "Risk Factors" in HSPO's Annual Report on Form 10-K filed with the SEC on April 1, 2024 (the "Form 10-K"), HSPO's final prospectus dated December 22, 2022 filed with the SEC (the "Final Prospectus") related to HSPO's initial public offering, and in other documents filed by HSPO with the SEC from time to time. Important factors that could cause the combined company's actual results or outcomes to differ materially from those discussed in the forward-looking statements include: HSPO's or Squirrel Companies' limited operating history; the ability of HSPO or Squirrel Cayman to identify and integrate acquisitions; general economic and market conditions impacting demand for the services of Squirrel Companies; the inability to complete the proposed Business Combination; the inability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, the amount of cash available following any redemptions by HSPO shareholders; the ability to meet Nasdaq's listing standards following the consummation of the proposed Business Combination; costs related to the proposed Business Combination; and such other risks and uncertainties as are discussed in the Form 10-K, the Final Prospectus and the proxy statement to be filed relating to the Business Combination. Other factors include the possibility that the proposed Business Combination do not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions.
本新聞稿包括涉及風險和不確定性的前瞻性聲明。前瞻性聲明是不是歷史事實,並可能伴隨着傳達預計未來事件或結果的詞語,例如「相信」,「可能」,「將」,「估計」,「繼續」,「預期」,「設計」,「打算」,「預計」,「能夠」,「計劃」,「潛力」,「預測」,「尋求」,「目標」,「旨在」,「計劃」, 「項目」,「預測」,「應該」,「將」或類似意義的表達。這類前瞻性聲明,包括關於預計的財務和運營結果,市場機遇和預期,擬議業務組合的估計景氣企業價值,松鼠公司的優勢和預期增長,擬議業務組合結束後松鼠公司的現金狀況,松鼠公司和HSPO完成擬議業務組合的能力和時間,都面臨着風險和不確定性,這可能導致實際結果與前瞻性聲明不符。這些風險和不確定性包括但不限於HSPO的「風險因素」部分中描述的因素,HSPO於2024年4月1日向SEC提交的10-K表格中列明的內容,HSPO於2022年12月22日向SEC提交的最終招股說明書(「最終招股說明書」)與HSPO首次公開發行進行的文件,以及HSPO不時向SEC提交的其他文件中列明的內容。可能導致合併公司的實際結果或結果與前瞻性聲明所討論的內容不同的重要因素包括:HSPO或松鼠公司的有限經營歷史; HSPO或Squirrel Cayman能否確定並整合收購; 影響對松鼠公司服務需求的普遍市場和經濟條件; 無法完成擬議的業務組合; 無法實現預期的業務組合的好處,這可能受到HSPO股東贖回後可用現金金額的影響; 在擬議業務組合完成後能否滿足納斯達克的上市標準; 與擬議業務組合相關的成本; 以及如在10-k表格、最終招股說明書和與業務組合有關的委託代理聲明中討論的其他風險和不確定性。其他因素包括擬議業務組合可能不會如期完成,包括由於未能獲得所需的證券持有人批准或其他結束條件的失敗。
Squirrel Companies and HSPO each expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Squirrel Companies or HSPO with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Squirrel Companies和HSPO均明確聲明不承諾或保證發佈此處包含的任何前瞻性聲明的任何更新或修訂,以反映Squirrel Companies或HSPO對此的期望的任何變化或任何基於其任何聲明的事件、狀況或情況的變化,除非法律要求。
Use of data
使用數據
The data contained herein is derived from various internal and external sources that Squirrel Companies and HSPO believe to be reliable. Although Squirrel Companies and HSPO are not aware of any misstatements regarding the external data presented herein, their estimates involve risks and uncertainties and are subject to change based on various factors, including those described under "Forward-Looking Statements" above. Any data on past performance or modeling contained herein is not an indication as to future performance, and each of Squirrel Companies and HSPO disclaims any obligation, except as required by law, to update or revise the information in this presentation, whether as a result of new information, future events or otherwise.
此處包含的數據來源於Squirrel Companies和HSPO認爲可靠的各種內部和外部來源。儘管Squirrel Companies和HSPO並不知道關於此處呈現的外部數據的任何錯誤陳述,但其估計涉及風險和不確定性,並可能根據各種因素髮生變化,包括上述"前瞻性聲明"中所描述的因素。此處包含的任何關於過去業績或建模的數據都不是未來業績的指示,Squirrel Companies和HSPO均明確聲明除非法律要求,否則不承擔更新或修訂本演示文稿中的信息的任何義務,無論是出於新信息、未來事件還是其他原因。
Contact Information:
聯繫方式:
Shenzhen Squirrel Enlivened Media Group Co., Ltd
Angxiong Zhao
Chief Executive Officer
Tel: +86075525725072
深圳市旺財活力傳媒集團有限公司
趙昂雄
首席執行官
電話:+86075525725072
Horizon Space Acquisition I Corp.
Michael Li
Chief Executive Officer
Tel: (646) 257-5537
Email: mcli@horizonspace.cc
Horizon Space Acquisition I corp.
Michael Li
首席執行官
電話:(646) 257-5537
電子郵件:mcli@horizonspace.cc
SOURCE: Horizon Space Acquisition I Corp.
來源:Horizon Space Acquisition I corp.
譯文內容由第三人軟體翻譯。